Prudential Asia Prudential Asia

IFRS Operating Profit – Summary• IFRS operating profit is now becoming material, reflecting growth of the in-force book thathas been built up and a greater management focus on IFRS• Approximately 90% of the gross transfers from VIF to net worth drives the generation ofIFRS operating profit from in-force business• 80% of growth over the last five years came from four of our largest markets. Contributionfrom less established markets are becoming more significant in recent years• The life profit earnings stream is robust driven by the strength th of net insurance margin• Continuing successful execution of our asset management strategy provides anothersource of additional profits upside• We expect the historic underlying growth in IFRS operating profit to continue29